Analyzing Lamb Weston's Q3 2024 Earnings: Impacts, Insights, and Opportunities
Thursday, 4 April 2024, 12:50
Details of Lamb Weston Q3 2024 Earnings Report
Lamb Weston Holdings, Inc. (NYSE: LW) reported lower adjusted earnings for the third quarter of 2024, with a decline in net income and significant sales growth.
Key Financial Figures
- Adjusted earnings decreased to $1.20 per share from $1.47 per share in the prior year.
- Net income in Q3 stood at $146.1 million or $1.01 per share, down 17% annually.
- Net sales surged by 16% to $1.46 billion, including $357 million from the LW EMEA Acquisition.
This analysis provides insights into the financial performance of Lamb Weston and the factors driving its Q3 2024 results.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.